[Federal Register Volume 87, Number 24 (Friday, February 4, 2022)]
[Notices]
[Pages 6625-6626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02299]


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JUDICIAL CONFERENCE OF THE UNITED STATES


Adjustment of Certain Dollar Amounts in the Bankruptcy Code

AGENCY: Judicial Conference of the United States.

ACTION: Notice of adjusted dollar amounts.

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SUMMARY: Pursuant to the United States Code, certain dollar amounts are 
adjusted to reflect the change in the Consumer Price Index for All 
Urban Consumers for the most recent 3-year period ending immediately 
before January 1, 2022.

DATES: The dollar amounts are adjusted on April 1, 2022.

FOR FURTHER INFORMATION CONTACT: Gary D. Streeting, Senior Attorney, 
Judicial Programs Division, Administrative Office of the United States 
Courts, Thurgood Marshall Federal Judiciary Building, One Columbus 
Circle NE, Room 4-122, Washington, DC 20544, Telephone (202) 502-1800, 
or by email at [email protected].

SUPPLEMENTARY INFORMATION: Section 104 of title 11, United States Code, 
provides the mechanism for an automatic three-year adjustment of dollar 
amounts in certain sections of titles 11 and 28. Notice is hereby 
given, pursuant to 11 U.S.C. 104(b), that the next such adjustment will 
occur on April 1, 2022. Effective on that date, the dollar amounts in 
effect under sections 101(3), 101(18), 101(19A), 101(51D), 109(e), 
303(b), 507(a), 522(d), 522(f)(3) and 522(f)(4), 522(n), 522(p), 
522(q), 523(a)(2)(C), 541(b), 547(c)(9), 707(b), 1322(d), 1325(b), and 
1326(b)(3) of title 11, and section 1409(b) of title 28, United States 
Code, are adjusted as set forth in the chart below to reflect the 
change in the Consumer Price Index for All Urban Consumers, published 
by the Department of Labor, for the 3-year period ending immediately 
before January 1, 2022, rounded to the nearest $25. This adjustment 
does not apply with respect to cases commenced before April 1, 2022. 
Seven Official Bankruptcy Forms (106C, 107, 122A-2, 122C-2, 201, 207, 
and 410) and two Director's Forms (2000 and 2830) will also be amended 
to reflect these adjusted dollar amounts.

(Authority: 11 U.S.C. 104.)

    Dated: January 31, 2022.
Gary D. Streeting,
Senior Attorney, Judicial Programs Division.

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  Affected sections of Title 28    Dollar amount to     New (adjusted)
 U.S.C. and the bankruptcy code       be adjusted      dollar amount \1\
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28 U.S.C.
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Section 1409(b)--a trustee may
 commence a proceeding arising
 in or related to a case to
 recover:
    (1)--money judgment of or     $1,375............  $1,525.
     property worth less than.
    (2)--a consumer debt less     $20,450...........  $22,700.
     than.
    (3)--a non-consumer debt      $25,000...........  $27,750.
     against a non-insider less
     than.
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11 U.S.C.
------------------------------------------------------------------------
Section 101(3)--definition of     $204,425..........  $226,850.
 assisted person.
Section 101(18)--definition of    $10,000,000 (each   $11,097,350 (each
 family farmer.                    time it appears).   time it appears).
Section 101(19A)--definition of   $2,044,225 (each    $2,268,550 (each
 family fisherman.                 time it appears).   time it appears).
Section 101(51D)--definition of   $2,725,625 (each    $3,024,725 (each
 small business debtor.            time it appears).   time it appears).
Section 109(e)--debt limits for   $419,275 (each      $465,275 (each
 individual filing bankruptcy      time it appears).   time it appears).
 under chapter 13.                $1,257,850 (each    $1,395,875 (each
                                   time it appears).   time it appears).
Section 303(b)--minimum           $16,750 (each time  $18,600 (each time
 aggregate claims needed for the   it appears).        it appears).
 commencement of an involuntary
 chapter 7 or 11 petition.
Section 507(a)--priority
 expenses and claims:
    (1)--in paragraph (4).......  $13,650...........  $15,150.
    (2)--in paragraph (5)(B)(i).  $13,650...........  $15,150.
    (3)--in paragraph (6).......  $6,725............  $7,475.
    (4)--in paragraph (7).......  $3,025............  $3,350.
Section 522(d)--value of
 property exemptions allowed to
 the debtor:
    (1)--in paragraph (1).......  $25,150...........  $27,900.
    (2)--in paragraph (2).......  $4,000............  $4,450.
    (3)--in paragraph (3).......  $625..............  $700.
                                  $13,400...........  $14,875.
    (4)--in paragraph (4).......  $1,700............  $1,875.
    (5)--in paragraph (5).......  $1,325............  $1,475.
                                  $12,575...........  $13,950.

[[Page 6626]]

 
    (6)--in paragraph (6).......  $2,525............  $2,800.
    (7)--in paragraph (8).......  $13,400...........  $14,875.
    (8)--in paragraph (11)(D)...  $25,150...........  $27,900.
Section 522(f)(3)--exception to   $6,825............  $7,575.
 lien avoidance under certain
 state laws.
Section 522(f)(4)--items          $725 (each time it  $800 (each time it
 excluded from definition of       appears).           appears).
 household goods for lien
 avoidance purposes.
Section 522(n)--maximum           $1,362,800........  $1,512,350.
 aggregate value of assets in
 individual retirement accounts
 exempted.
Section 522(p)--state homestead   $170,350..........  $189,050.
 exemption, limit for interest
 acquired 1215 days before
 filing.
Section 522(q)--state homestead   $170,350..........  $189,050.
 exemption, limit under
 particular circumstances.
Section 523(a)(2)(C)--exceptions
 to discharge--presumption of
 nondischargeability:
    (1)--in paragraph (i)(I)--    $725..............  $800.
     consumer debts for luxury
     goods or services incurred
     <=90 days before filing
     owed to a single creditor
     in the aggregate.
    (2)--in paragraph (i)(II)--   $1,000............  $1,100.
     certain cash advances
     obtained <=70 days before
     filing, in the aggregate.
Section 541(b)--certain property  $6,825 (each time   $7,575 (each time
 of the estate exclusion limits.   it appears).        it appears).
Section 547(c)(9)--minimum        $6,825............  $7,575.
 preference avoidance value in
 cases with primarily non-
 consumer debts.
Section 707(b)--dismissal of a
 chapter 7 case or conversion to
 chapter 11 or 13 (means test):
    (1)--in paragraph             $8,175............  $9,075.
     (2)(A)(i)(I).
    (2)--in paragraph             $13,650...........  $15,150.
     (2)(A)(i)(II).
    (3)--in paragraph             $2,050............  $2,275.
     (2)(A)(ii)(IV).
    (4)--in paragraph             $8,175............  $9,075.
     (2)(B)(iv)(I).
    (5)--in paragraph             $13,650...........  $15,150.
     (2)(B)(iv)(II).
    (6)--in paragraph (5)(B)....  $1,375............  $1,525.
    (7)--in paragraph (6)(C)....  $750..............  $825.
    (8)--in paragraph             $750..............  $825.
     (7)(A)(iii).
Section 1322(d)--length of        $750 (each time it  $825 (each time it
 chapter 13 plan, current          appears).           appears).
 monthly income, 4+ household.
Section 1325(b)--confirmation of  $750 (each time it  $825 (each time it
 chapter 13 plan, current          appears).           appears).
 monthly income, 4+ household.
Section 1326(b)(3)--payments to   $25...............  $25.
 former chapter 7 trustee.
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\1\ The New (Adjusted) Dollar Amounts reflect a 10.97347880254584
  percent increase, rounded to the nearest $25.

[FR Doc. 2022-02299 Filed 2-3-22; 8:45 am]
BILLING CODE 2210-55-P